Kinetik Holdings Inc. (KNTK)
| Market Cap | 1.71B |
| Revenue (ttm) | 1.24B |
| Net Income (ttm) | 123.42M |
| Shares Out | 52.09M |
| EPS (ttm) | 1.28 |
| PE Ratio | 25.64 |
| Forward PE | 11.90 |
| Dividend | $3.00 (9.14%) |
| Ex-Dividend Date | May 4, 2023 |
| Volume | 257,363 |
| Open | 32.97 |
| Previous Close | 32.76 |
| Day's Range | 32.62 - 33.23 |
| 52-Week Range | 26.32 - 44.99 |
| Beta | 3.83 |
| Analysts | Buy |
| Price Target | 37.50 (+14.26%) |
| Earnings Date | May 3, 2023 |
About KNTK
Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. It provides gathering, transportation, compression, processing, and treating services for companies that produce natural gas, natural gas liquids, crude oil, and water. The company is headquartered in Midland, Texas. [Read more]
Financial Performance
In 2022, KNTK's revenue was $1.21 billion, an increase of 83.29% compared to the previous year's $662.04 million. Earnings were $135.52 million, an increase of 9044.26%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for KNTK stock is "Buy." The 12-month stock price forecast is $37.5, which is an increase of 14.26% from the latest price.
News
Kinetik Reports First Quarter 2023 Financial and Operating Results
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Reports First Quarter 2023 Financial and Operating Results.
Kinetik Announces First Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik announces first quarter dividend and first quarter 2023 financial results timing.
Kinetik Reports Fourth Quarter and Full Year 2022 Financial and Operating Results and Provides 2023 Guidance
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022. 2022 Resul...
Kinetik Announces Fourth Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the four...
Kinetik Reports Third Quarter 2022 Financial and Operating Results
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Reports Third Quarter 2022 Financial and Operating Results
Kinetik Announces Third Quarter Dividend and Financial Results Timing
HOUSTON and MIDLAND, Texas, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today declared a cash dividend of $0.75 per share ($3.00 on an annualize...
Kinetik Announces Transfer of Its Common Stock Listing to New York Stock Exchange
HOUSTON and MIDLAND, Texas, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today announced the transfer of its Class A Common Stock to the New York...
Kinetik Reports Robust Second Quarter 2022 Financial and Operating Results and Increases 2022 Guidance
HOUSTON and MIDLAND, Texas, Aug. 09, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended June 30, 2022.
Kinetik Publishes 2021 ESG Report and Announces Appointment of Deborah Byers to its Board of Directors
HOUSTON and MIDLAND, Texas, July 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today published its 2021 Environmental, Social and Governance Report (th...
Kinetik Announces Second Quarter Dividend, Financial Results Timing, and the Full Redemption of its Series A Preferred
HOUSTON and MIDLAND, Texas, July 20, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today declared a cash dividend of $0.75 per share ($3.00 on an annualize...
Here is why Kinetik dropped 50%
Kinetik Holdings Inc. (NASDAQ: KNTK) shares lost 50% after announcing the successful completion of a comprehensive refinancing that consists of a new 5-year $1.25B unsecured revolving credit facility,...
Kinetik Completes Successful Comprehensive Refinancing Plan
KNTK to Begin Trading on NASDAQ on a Stock Split Adjusted Basis Tomorrow KNTK to Begin Trading on NASDAQ on a Stock Split Adjusted Basis Tomorrow
Kinetik Prices $1.0 Billion Sustainability-Linked Senior Notes Offering Due 2030
HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its p...
Kinetik Announces $1.0 Billion Sustainability-Linked Senior Notes Offering
HOUSTON and MIDLAND, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer...
Kinetik Publishes Sustainability-Linked Financing Framework
Reinforcing Its Commitment to a Safer, Cleaner and More Reliable Energy Future Reinforcing Its Commitment to a Safer, Cleaner and More Reliable Energy Future
Kinetik Reports Strong First Quarter 2022 Financial and Operating Results
MIDLAND, Texas and HOUSTON, May 10, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended March 31, 2022.
Why BofA Initiates Kinetic Holdings With Buy Rating
Kinetik Holdings Inc (NASDAQ: KNTK) is strong growth and free cash flow story, given its ownership in the Permian natural gas takeaway and latent processing capacity, according to BofA Securities. The...
Kinetik Announces First Quarter Dividend, First Quarter 2022 Results Timing and Details of its Dividend Reinvestment Plan
HOUSTON and MIDLAND, Texas, April 21, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) today announced a cash dividend of $1.50 per share ($6.00 on an annuali...
Kinetik Announces Closing of Upsized Secondary Offering of Common Stock
MIDLAND, Texas and HOUSTON, March 11, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) announced today the closing of the upsized underwritten secondary offer...
Kinetik Announces Pricing of Upsized Secondary Offering of Common Stock
MIDLAND, Texas and HOUSTON, March 09, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an upsized underwritten secondary offeri...
Kinetik Issues 2022 Guidance and Announces Capital Allocation Update
MIDLAND, Texas and HOUSTON, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Kinetik Holdings Inc. (NASDAQ: KNTK) (“Kinetik”, the “Company” or “we”) today provided full year 2022 Guidance.
Midstream/MLP M&A Update: Parent Buy-Ins and PE Exits
Summary The consolidation of MLPs by their parents or significant owners has been a multi-year trend, but activity has picked up with a number of transactions currently pending. M&A activity among ind...
Altus Midstream is now Kinetik
KNTK will start trading on the NASDAQ effective tomorrow
Altus Midstream Announces Fourth-Quarter and Full-Year 2021 Results
HOUSTON, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Altus Midstream Company (Nasdaq: ALTM) today announced its fourth-quarter and full-year 2021 results. Results can be found on the company's website at www.al...
Altus Midstream Shareholders Approve Combination With BCP Raptor Holdco
Newly Combined Company to be renamed Kinetik at Closing with the New Ticker Symbol “KNTK” Newly Combined Company to be renamed Kinetik at Closing with the New Ticker Symbol “KNTK”